R
Seller's Agent in 2015
Ryan Rayburn
Marcus & Millichap
1155 Orizaba Ave Long Beach, CA 90804
Rose Park Neighborhood
7
Beds
7
Baths
8,371
Sq Ft
6,250
Sq Ft Lot
Highlights
- No HOA
- Laundry Room
- 5-minute walk to Orizaba Park
- Woodrow Wilson High School Rated A
- Controlled Entrance
About This Home
As of August 2015Proud to offer a well-maintained 9 unit apartment building located at 1155 Orizaba Avenue. The property is three blocks west of Redondo Avenue and one block south of Anaheim Street, in the city of Long Beach. The property is a three story walk-up style building consisting of 1 one bedroom/one bathroom units, 8 two bedroom/ two bathroom. The wood frame, painted stucco building offers 8371 rentable square feet and was constructed in 1987. The property offers 17 ground level parking spaces thus making it a prime property for a future condo conversion.
This is a rare opportunity to acquire a new constructed building in the prime rental market of Long Beach. With a stable return on current numbers, true upside in rents for a more aggressive management style, and with the potential condo conversion as an exit strategy this acquisition a perfect addition to any investor’s portfolio.
Last Agent to Sell the Property
Ryan Rayburn
Marcus & Millichap License #01496522 Listed on: 03/24/2015
Last Buyer's Agent
Ryan Rayburn
Marcus & Millichap License #01496522 Listed on: 03/24/2015
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1987
Lot Details
- 6,250 Sq Ft Lot
- Two or More Common Walls
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 8,371 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Bathrooms
Parking
- 17 Parking Spaces
- Parking Available
- Assigned Parking
- Controlled Entrance
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 33
- Tax Tract Number 57690
- Assessor Parcel Number 7259017030
Community Details
Overview
- No Home Owners Association
- 9 Units
Amenities
- Laundry Facilities
Building Details
- 10 Separate Electric Meters
- 9 Separate Gas Meters
- 9 Separate Water Meters
- Insurance Expense $3,056
- Maintenance Expense $4,050
- Professional Management Expense $5,664
- Water Sewer Expense $2,784
- New Taxes Expense $20,250
- Gross Income $8,731
- Net Operating Income $83,094
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/04/2015 08/04/15 | Sold | $1,825,000 | 0.0% | $218 / Sq Ft |
| 06/08/2015 06/08/15 | Pending | -- | -- | -- |
| 03/24/2015 03/24/15 | For Sale | $1,825,000 | -- | $218 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW15061558
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 1344 Temple Ave
- 1207 Obispo Ave Unit 107
- 1207 Obispo Ave Unit 210
- 1055 Orizaba Ave Unit 6
- 1110 Ohio Ave Unit 107
- 2626 E Anaheim St
- 2516 E Anaheim St
- 1144 Stanley Ave
- 1445 Coronado Ave
- 1335 Newport Ave Unit 107
- 824 Redondo Ave
- 916 Junipero Ave
- 2507 E 15th St Unit 304
- 2507 E 15th St Unit 213
- 2507 E 15th St Unit 204
- 3605 E Anaheim St Unit 407
- 3605 E Anaheim St Unit 102
- 752 Coronado Ave
- 776 Stanley Ave
- 732 Molino Ave
- 1207 Orizaba Ave
- 1139 Orizaba Ave
- 1133 Orizaba Ave
- 1215 Orizaba Ave
- 1125 Orizaba Ave
- 1140 Gladys Ave
- 1132 Gladys Ave
- 1212 Gladys Ave
- 1212 Gladys Ave Unit 203
- 1212 Gladys Ave Unit 305
- 1212 Gladys Ave Unit 304
- 1180 Orizaba Ave
- 1200 Orizaba Ave
- 2958 E Anaheim St
- 1140 Orizaba Ave
- 1210 Orizaba Ave
- 1119 Orizaba Ave
- 1214 Orizaba Ave
- 1122 Gladys Ave
- 1111 Orizaba Ave Unit B